By Merlina Hernando-Malipot
The Philippine Overseas Employment Administration (POEA) has announced that workers — including Overseas Filipino Workers (OFWs) — in South Korea will be getting an increase in their take-home pay starting this month.
POEA Administrator Bernard Olalia issued POEA Advisory No. 05 series of 2020 announcing the new minimum wage in South Korea which took effect starting January 1, 2020.
“The new hourly minimum wage is of 8,580 won or PHP 3,708.85 (Korean won) from the 8,350 won in 2019) and the monthly minimum wage is 1,795,310 won at 209 hours per month, 40-hours workweek including paid holidays or PHP 77,597.25 (from 1,745,150 won in 2019,” POEA said.
POEA noted that under Korea’s wage system, POEA noted that the “minimum wage applies to all businesses with one (1) employee or more” and also covers “all the employees” as defined in the Labor Standards of Korea, “regardless of their employment status or nationality” – that is “temporary, daily, or part-time employments and foreign employees are included.”
For related concerns, the POEA urged OFWs to get in touch and seek assistance from the Philippine Overseas Labor Office (POLO- Korea).